Balls Attacks Tories over 'Failure to Build New Homes'

Interest rates could rise “prematurely” because the Government has failed to build new homes quickly enough, shadow chancellor Ed Balls claims. In the latest Labour summer campaign speech he said Britons had suffered the worst fall in real wages for more than 100 years and that a rise in loan rates would deepen austerity.  Mr Balls said many modern Britons had never had it so bad.  “Even before living standards have stopped falling, this Government’s failure to get more houses built means there is now a real risk that interest rates will rise prematurely to rein in an unbalanced housing market.”  Read more on the Evening Standard website.